Q2 2026 Halliburton Co Earnings Call Transcript
Key Points
- Halliburton Co (HAL) reported a total company revenue of $5.7 billion, with an adjusted operating margin of 12%.
- International revenue reached $3.4 billion, marking a 6% year-over-year increase, showcasing strong performance despite disruptions in the Middle East.
- The company generated $824 million in cash flow from operations and $668 million in free cash flow, demonstrating strong financial health.
- Halliburton Co (HAL) secured significant international awards, including a foundational integrated field management service award in Iraq, enhancing its future business prospects.
- The company is experiencing high customer engagement and growing demand for its services and technology across all regions, indicating a positive outlook for future growth.
- North America revenue remained flat year over year at $2.3 billion, indicating challenges in achieving growth in this region.
- The Middle East conflict has led to lower activity across multiple product service lines, impacting revenue and operations in the region.
- The sale of the Chemical business resulted in lower specialty chemical activity in North America, affecting revenue in the Completion and Production division.
- Drilling and Evaluation division saw a 4% decrease in operating income compared to Q1, primarily due to the seasonal roll-off of software sales.
- The company faces uncertainties and fluid conditions in the Middle East, which could impact future operations and revenue recovery in the region.
Good day, ladies and gentlemen, and thank you for standing by. Welcome to the second quarter 2026 Halliburton Company earnings conference call.
(Operator Instructions)
As a reminder, this conference call is being recorded. At this time, I would like to turn the conference over to Mr. David Coleman, Senior Director, Investor Relations. Sir, please begin.
Hello, and thank you for joining the Halliburton second quarter 2026 conference call. We will make the recording of today's webcast available for seven days on Halliburton's website after this call. Joining me today are Jeff Miller, Chairman, President and CEO; Shannon Slocum, Executive Vice President and COO; and Eric Carre, Executive Vice President and CFO.
Some of today's comments may include forward-looking statements that reflect Halliburton's views future events. These matters involve risks and uncertainties that could cause our actual results to materially differ from our forward-looking statements. These risks
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